Ocean Tech Challenge winners will combine Canadian and UK ingenuity to expand ocean exploration
Exploring more of the ocean – and finding new ways to do it safely – represents tremendous opportunities both at home and in international markets. The ocean is responsible for 30% of Atlantic Canadian exports and 320,000 jobs across Canada. Globally, the ocean economy is projected to reach an overall value of $4 trillion by 2030 – but to date, only about 10% of the ocean has been explored. Today signaled a big step toward safer, more sustainable ocean exploration, as Canada and the United Kingdom announced the winning teams in the inaugural ocean tech challenge.